An Arizona CEO is offering new employees a $5,000 bonus if they quit the company two weeks into their new job.
Chris Ronzio, CEO of the Arizona-based software company Trainual, is trying to slow down the “great resignation” by offering new hires $5,000 to quit the job by the two-week mark, Fox 10 Phoenix reports.
- The $5,000 bonus is meant to weed out bad hires, who want to leave the company for more money.
- The bonus keeps the hiring team accountable since there’s a cost to hiring someone who is easily willing to leave.
“With today’s market, hiring teams have to move quickly to assess candidates and get them through the process to a competitive offer, so it’s impossible to be right 100% of the time,” Ronzio told Business Insider. “The offer to quit allows the dust to settle from a speedy process and let the new team member throw a red flag if they’re feeling anything but excited.”
Ronzio’s strategy aims to slow the “great resignation” — a term used to describe the wave of resignations from employees across the country.
- But plenty of companies are zagging the other way by offering incentives, high wages and traditional bonuses to stick with their organization, per CBS News.
Sandy Wiggins, president of ACG Wealth Management, said that companies can keep their employees by enhancing 401(k) benefits so people know they’re working toward a higher payoff down the road, WTVR reports.